USA Commercial Trust Seeks Sanctions On Contractor

Law360, New York (November 16, 2009, 3:10 PM EST) -- The trust charged with liquidating fraud-ridden USA Commercial Mortgage Co.'s remaining assets is asking a district court to institute sanctions, up to and including so-called death penalty sanctions, against a contractor that collaborated with the company on four real estate developments.

In a motion filed Friday in the U.S. District Court for the District of Nevada, the USACM Liquidating Trust claimed that Anthony and Susan Monaco, their company Monaco Diversified Corp., and their counsel either lied under oath about the existence of documents pertaining to their...
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